Businessman and President of Groupe Nduom, Papa Kwesi Nduom, says the group is moving ahead with plans to resume operations following a Court of Appeal ruling ordering the restoration of the licence of GN Savings and Loans.
Dr. Nduom said the group remains committed to complying with the law and will continue preparations to restart operations unless a superior court issues a different directive.
He was reacting to reports that the Bank of Ghana had filed an appeal against the Court of Appeal judgment restoring the company’s operating licence.
“Let me be very clear, because I told you that we are law-abiding and we believe in the rule of law and we have orders. The orders that we have as I stand here are orders from the Court of Appeal, nowhere else,” he said.
According to him, the Bank of Ghana had not yet been served with the consequential orders stemming from the judgment.
“So as I stand here, Bank of Ghana itself has not even been served with what the lawyers call the consequential orders,” he stated.
Dr. Nduom added that he had also not been formally served with any notice indicating that an appeal had been filed against the ruling.
“And then, again as I stand here, I have not been served with anything that says somebody is appealing the matter. It may be true, it may not be true, but I cannot rely on word of mouth or what’s on social media or what’s on radio or television,” he said.
He stressed that the group’s legal team was prepared to respond promptly to any legal action that may arise.
“But when we get anything at all from anybody, we are ready with our attorneys to deal with anything with dispatch,” he stated.
Dr. Nduom maintained that the group would continue preparations to restore operations unless directed otherwise by a higher court.
“But even if something is served on us, until someone gives us an order different and also superior to what the Court of Appeal had given, we are not moving. We are not waiting for anybody,” he said.
He disclosed that work was already underway to restore infrastructure and reorganise operations.
“So I hope you understand that we are working. We are on the road. We are working, restoring, repairing, putting our things together, looking for people, and so on,” he added.
